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Consolidated Balance Sheets (Partnership) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Commercial real estate properties, at cost:    
Land and land interests $ 1,134,432 $ 1,092,671
Building and improvements 3,781,403 3,655,624
Building leasehold and improvements 1,374,059 1,354,569
Real Estate Investment Property, at Cost 6,289,894 6,102,864
Less: accumulated depreciation (2,084,755) (1,968,004)
Real Estate Investment Property, Net 4,205,139 4,134,860
Cash and cash equivalents 188,216 221,823
Restricted cash 126,909 113,696
Investments in marketable securities 16,522 9,591
Tenant and other receivables 53,628 33,270
Related party receivables 13,077 12,168
Deferred rents receivable 266,606 264,653
Carrying Value 293,924 346,745
Company's investments in unconsolidated joint ventures 2,871,683 2,983,313
Deferred costs, net 105,646 111,463
Right-of-use assets - operating leases 870,782 885,929
Real estate loans held by consolidated securitization vehicles (includes $586,823 and $— at fair value as of September 30, 2024 and December 31, 2023, respectively) 713,218 0
Other assets 490,722 413,670
Total assets [1] 10,216,072 9,531,181
Liabilities    
Mortgages and other loans payable, net 1,643,992 1,491,319
Revolving credit facility, net 730,851 554,752
Unsecured term loans, net 1,246,180 1,244,881
Unsecured notes, net 99,872 99,795
Accrued interest payable 22,825 17,930
Senior obligations of consolidated securitization vehicles (includes $571,711 and $— at fair value as of September 30, 2024 and December 31, 2023, respectively) 603,902 0
Other liabilities (includes $237,454 and $— at fair value as of September 30, 2024 and December 31, 2023, respectively) 409,844 471,401
Accounts payable and accrued expenses 125,377 153,164
Deferred revenue 154,700 134,053
Lease liability - financing leases 106,518 105,531
Lease liability - operating leases 815,238 827,692
Dividend and distributions payable 20,147 20,280
Security deposits 56,297 49,906
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Liabilities [1] 6,135,743 5,270,704
Commitments and contingencies
Preferred units 166,731 166,501
Capital    
Accumulated other comprehensive (loss) income (27,308) 17,477
Total liabilities and equity 10,216,072 9,531,181
SL Green Operating Partnership    
Commercial real estate properties, at cost:    
Land and land interests 1,134,432 1,092,671
Building and improvements 3,781,403 3,655,624
Building leasehold and improvements 1,374,059 1,354,569
Real Estate Investment Property, at Cost 6,289,894 6,102,864
Less: accumulated depreciation (2,084,755) (1,968,004)
Real Estate Investment Property, Net 4,205,139 4,134,860
Cash and cash equivalents 188,216 221,823
Restricted cash 126,909 113,696
Investments in marketable securities 16,522 9,591
Tenant and other receivables 53,628 33,270
Related party receivables 13,077 12,168
Deferred rents receivable 266,606 264,653
Carrying Value 293,924 346,745
Company's investments in unconsolidated joint ventures 2,871,683 2,983,313
Deferred costs, net 105,646 111,463
Right-of-use assets - operating leases 870,782 885,929
Real estate loans held by consolidated securitization vehicles (includes $586,823 and $— at fair value as of September 30, 2024 and December 31, 2023, respectively) 713,218 0
Other assets 490,722 413,670
Total assets [2] 10,216,072 9,531,181
Liabilities    
Mortgages and other loans payable, net 1,643,992 1,491,319
Revolving credit facility, net 730,851 554,752
Unsecured term loans, net 1,246,180 1,244,881
Unsecured notes, net 99,872 99,795
Accrued interest payable 22,825 17,930
Senior obligations of consolidated securitization vehicles (includes $571,711 and $— at fair value as of September 30, 2024 and December 31, 2023, respectively) 603,902 0
Other liabilities (includes $237,454 and $— at fair value as of September 30, 2024 and December 31, 2023, respectively) 409,844 471,401
Accounts payable and accrued expenses 125,377 153,164
Deferred revenue 154,700 134,053
Lease liability - financing leases 106,518 105,531
Lease liability - operating leases 815,238 827,692
Dividend and distributions payable 20,147 20,280
Security deposits 56,297 49,906
Junior subordinated deferrable interest debentures held by trusts that issued trust preferred securities 100,000 100,000
Liabilities [2] 6,135,743 5,270,704
Commitments and contingencies
Limited partner interests in SLGOP (4,474 and 3,949 limited partner common units outstanding at September 30, 2024 and December 31, 2023, respectively) 293,593 238,051
Preferred units 166,731 166,501
Capital    
Series I Preferred Units, $25.00 liquidation preference, 9,200 issued and outstanding at both June 30, 2024 and December 31, 2023 221,932 221,932
SL Green partners' capital (694 and 687 general partner common units and 64,541 and 64,039 limited partner common units outstanding at September 30, 2024 and December 31, 2023, respectively) 3,361,661 3,546,906
Accumulated other comprehensive (loss) income (27,308) 17,477
Total SLGOP partners' capital 3,556,285 3,786,315
Noncontrolling interests in other partnerships 63,720 69,610
Total capital 3,620,005 3,855,925
Total liabilities and equity $ 10,216,072 $ 9,531,181
[1]
(1) The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $104.1 million and $41.2 million of land, $65.4 million and $40.5 million of building and improvements, $— million and $— million of building and leasehold improvements, $— million and $— million of right of use assets, $3.2 million and $5.4 million of accumulated depreciation, $713.2 million and $— million of real estate loans held by consolidated securitization vehicles, $776.3 million and $676.9 million of other assets included in other line items, $204.3 million and $50.0 million of real estate debt, net, $0.9 million and $0.9 million of accrued interest payable, $— million and $— million of lease liabilities, $603.9 million and $— million of senior obligations of consolidated securitization vehicles and $308.0 million and $306.5 million of other liabilities included in other line items as of September 30, 2024 and December 31, 2023, respectively.
[2]
(1) The Operating Partnership's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $104.1 million and $41.2 million of land, $65.4 million and $40.5 million of building and improvements, $— million and $— million of building and leasehold improvements, $— million and $— million of right of use assets, $3.2 million and $5.4 million of accumulated depreciation, $713.2 million and $— million of real estate loans held by consolidated securitization vehicles, $776.3 million and $676.9 million of other assets included in other line items, $204.3 million and $50.0 million of real estate debt, net, $0.9 million and $0.9 million of accrued interest payable, $— million and $— million of lease liabilities, $603.9 million and $— million of senior obligations of consolidated securitization vehicles and $308.0 million and $306.5 million of other liabilities included in other line items as of September 30, 2024 and December 31, 2023, respectively.